Ask hard questions about your retirement savings costs before committing. One friend, Larry, chases high returns through risky investments, but retirement isn't the place to gamble. Focus on preserving your principal, not just growing it.
It's important when deciding to place your money and store it up in one of the two tanks, it's always best to ask the questions. What is the cost of the savings vehicle over the course of time so that you can determine if it's worth value to you? Now, Larry, he's a good friend of mine and he's a big believer that he has to take on more risk to potentially generate a greater rate of return. And I guess sometimes that may be true. But is storing your money in a risk tank investment really what you want to do? Is it really worth the gamble? Or is it more important for you to get the return of your money instead of the return on it? In other words, is it more important for you to get the return of your savings or the return on it?
